Interesting setup for LTC...
There is money to be made in any way the market goes.
For LTC here, specifically, I have made a setup that will allow you to use your knowledge and understanding of intraday or longterm trading to make some money. I have a green resistance line that acts as a short-term resistance to be used as a breakout trigger. The blue box will be the area where you can book profits with a trailing stop, why I say trailing stop is because there is a white dashed line that will be the new resistance and you can keep a piece of your position to see if it breaks that and goes further. This is given that you booked a large portion of your position as profit and now how a "free" trade position.
For the other way, we have the red box indicating large sell prices where a day trader can short accordingly (that is if the given conditions confirm a further sell which is determined by the individual trader). The bottom red support line is there to act as a trigger to buy should price bounce to the upside after hitting the line. Remember that when entering your position to set stop-losses accordingly.
For LTC here, specifically, I have made a setup that will allow you to use your knowledge and understanding of intraday or longterm trading to make some money. I have a green resistance line that acts as a short-term resistance to be used as a breakout trigger. The blue box will be the area where you can book profits with a trailing stop, why I say trailing stop is because there is a white dashed line that will be the new resistance and you can keep a piece of your position to see if it breaks that and goes further. This is given that you booked a large portion of your position as profit and now how a "free" trade position.
For the other way, we have the red box indicating large sell prices where a day trader can short accordingly (that is if the given conditions confirm a further sell which is determined by the individual trader). The bottom red support line is there to act as a trigger to buy should price bounce to the upside after hitting the line. Remember that when entering your position to set stop-losses accordingly.
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